Torrid pace to Japan auto sales ahead of sales tax hike


Auto sales rose 27.5% Y/Y in Japan during January, according to data from the Japan Automobile Dealers Association

Despite the torrid pace of growth for the month, sales are expected to drop off for the year due to an upcoming sales tax increase in the nation.

January sales breakdown: Toyota (TM) +19.2% to 125,568; Nissan (NSANY) +1.8% to 45,024; Honda (HMC) +136%.

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    why is hmc stock going down with january sales north of 130%?
    3 Feb 2014, 10:10 AM Reply Like
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